Statutes, codes, and regulations
Maine Administrative Code
Department 94 - INDEPENDENT AGENCIESDivision 411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS)
Chapter 411 - ELIGIBLE ROLLOVER DISTRIBUTIONS
Section 411-411-2 - COMPLIANCE WITH CODE SECTION 401(a)(31) FOR ELIGIBLE ROLLOVER DISTRIBUTIONS

94- 411 C.M.R. ch. 411, § 2

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Current through 2024-51, December 18, 2024
Section 411-411-2 - COMPLIANCE WITH CODE SECTION 401(a)(31) FOR ELIGIBLE ROLLOVER DISTRIBUTIONS

For purposes of compliance with Code Section 401(a)(31), this section applies notwithstanding any contrary provision or retirement law that would otherwise limit a distributee's election to make a rollover. A distributee may elect, at the time and in the manner prescribed by the Board of Trustees, to have any portion of an eligible rollover distribution paid directly to an eligible retirement plan specified by the distributee in a direct rollover.

94- 411 C.M.R. ch. 411, § 2